C3.ai shares are volatile as the CEO puts some shares on sale, offsetting the strong results

• C3.ai founder and CEO Thomas Siebel was selling 12.78 million shares of the artificial intelligence software company, a regulatory filing showed.

• The news made trading in the company choppy on Tuesday, even as it reported better-than-expected quarterly results and boosted its revenue guidance.

• Sibel pointed out that the company is benefiting from its new global strategic alliance with Microsoft.

C3.ai (Amnesty International) stocks were volatile on Tuesday, after a filing shows Chief Executive Officer (CEO) Thomas Siebel plans to sell millions of shares to offset better-than-estimated quarterly results.

In an organizational file, Artificial Intelligence (AI) During the second quarter of fiscal 2025, Siebel offered 12.78 million shares for sale, the software company said.

The Company noted that as of October 31, Siebel and its related entities had beneficial ownership of approximately 87.8% of its outstanding Class B common stock and approximately 21.6% of its outstanding Class A common stock.

This resulted in “beneficial ownership of capital representing approximately 53.9%” of the voting power of the company’s shares. The shares offered for sale have an expiration date of December 17, 2026.

Siebel News was offset by strong performance in the second quarter. C3.ai reported a loss of $0.06 per share, lower than the loss of $0.14 per share expected by analysts surveyed by Visible Alpha. Revenue rose 29% to $94.3 million, also beating expectations.

The company received a boost from a new global alliance agreement with Microsoft (MSFT) was signed in September, making C3.ai the preferred provider of AI applications on Microsoft’s Azure cloud computing platform. A Microsoft-wide go-to-market drive will also be created.

“It is difficult to overestimate the potential of the Microsoft-C3.AI strategic alliance,” Siebel said. He described it as an “inflection point for enterprise AI, driving growth.”

C3.ai also boosted its full-year revenue estimate to $378 million to $398 million from a previous forecast of $370 million to $395 million. However, it expects a non-GAAP loss from operations of $105 to $135 versus the previous forecast of $95 to $125.

C3.ai shares are up nearly 45% this year.

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